stevio
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Post by stevio on Feb 27, 2016 18:22:15 GMT
Apologies if this is covered elsewhere, searched but couldn't find anything. Just come across this on the SavingStream website and wondered if anyone knew anymore? www.sippclub.com/saving-stream/ |
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geoff
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Post by geoff on Feb 27, 2016 18:34:09 GMT
Apologies if this is covered elsewhere, searched but couldn't find anything. Just come across this on the SavingStream website and wondered if anyone knew anymore? www.sippclub.com/saving-stream/ This new link is at the bottom of Saving Stream's website pages.
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mikes1531
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Post by mikes1531 on Feb 27, 2016 19:27:54 GMT
It may have changed, but the last time I checked on SIPPClub fees, they were £1250 p.a. (I can't remember whether VAT was on top of that). So it wouldn't have been suitable for relatively small accounts.
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Post by highlandtiger on Feb 28, 2016 8:12:14 GMT
It may have changed, but the last time I checked on SIPPClub fees, they were £1250 p.a. (I can't remember whether VAT was on top of that). So it wouldn't have been suitable for relatively small accounts. It won't be suitable for relatively medium accounts either. According to the blurb on their website, as far as I can see. In order to join their "club", you need an annual salary of at least £100k.
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mikes1531
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Post by mikes1531 on Feb 28, 2016 23:48:44 GMT
It may have changed, but the last time I checked on SIPPClub fees, they were £1250 p.a. (I can't remember whether VAT was on top of that). So it wouldn't have been suitable for relatively small accounts. It won't be suitable for relatively medium accounts either. According to the blurb on their website, as far as I can see. In order to join their "club", you need an annual salary of at least £100k. I think a substantial net worth would suffice.
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stevio
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Post by stevio on May 23, 2016 17:04:48 GMT
Hi Anyone who opened these SIPPs, do SS and AB allow you to transfer loans from a personal account directly into your SIPP or do you have to put the loans on the SM through your personal account and buy in the SIPP to transfer? ablrate @ ablrateandy savingstream |
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Post by jonboy73 on May 23, 2016 17:49:40 GMT
The sip requirements are very hefty and details are on the sip club site. looks to me like something to do with "sophisticated" investors status which gets round lots of (unnecesary for these type of investors) consumer protection type stuff.
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nick
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Post by nick on May 23, 2016 19:30:41 GMT
Hi Anyone who opened these SIPPs, do SS and AB allow you to transfer loans from a personal account directly into your SIPP or do you have to put the loans on the SM through your personal account and buy in the SIPP to transfer? ablrate @ ablrateandy savingstream I have SIPP accounts with both SS and AB. I don't think you can transfer loans off-market from your personal account to your SIPP. I don't think you are permitted under the tax regulations to transfer assets into a SIPP off-market as people could otherwise sell loan parts to create a capital loss outside the SIPP (whilst the corresponding gain is sheltered in the SIPP). However, it is very easy just to transfer the loans on-market on both platforms and as there are no selling fees there is no leakage of value.
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mikes1531
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Post by mikes1531 on May 23, 2016 21:27:45 GMT
However, it is very easy just to transfer the loans on-market on both platforms and as there are no selling fees there is no leakage of value. : I know nothing about AB, but how do you manage to buy what you're selling at SS before someone else does? Everything that appears on the SS SM seems to disappear instantly. Most of the time, someone has snapped up whatever's on offer before I can even get the loan's page open!
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ben
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Post by ben on May 23, 2016 21:52:33 GMT
If you already have the page open ready to go as soon as click sell you just need to click buy so unless someone ultra fast you should be ok
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nick
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Post by nick on May 23, 2016 21:59:38 GMT
However, it is very easy just to transfer the loans on-market on both platforms and as there are no selling fees there is no leakage of value. : I know nothing about AB, but how do you manage to buy what you're selling at SS before someone else does? Everything that appears on the SS SM seems to disappear instantly. Most of the time, someone has snapped up whatever's on offer before I can even get the loan's page open! It's been discussed at length on other threads, but effectively you 1) put on sale a small piece, 2) tee-up the recaptcha on the buy page, 3) place the main part of the loan for sale and purchase - you can beat everybody to the purchase as you have tee'd up the recaptcha and only you know exactly when the piece is going on sale - refer to this thread: p2pindependentforum.com/post/114806/thread
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vmail
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Post by vmail on May 26, 2016 11:17:36 GMT
How can we do SIPP with saving stream without giving these vultures £1500 every year?
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Post by GSV3MIaC on May 26, 2016 15:06:29 GMT
It's been discussed at length on other threads, but effectively you 1) put on sale a small piece, 2) tee-up the recaptcha on the buy page, 3) place the main part of the loan for sale and purchase - you can beat everybody to the purchase as you have tee'd up the recaptcha and only you know exactly when the piece is going on sale - refer to this thread: p2pindependentforum.com/post/114806/thread This =usually= works**, however there is always the small risk of an interception from someone who has also tee'd up a captcha and is waiting to pounce (they too can see the £0.01 up for sale and figure out what is happening). Probably safest to do it at 3AM, when you can expect most folks to not be looking too hard. It would be nice if there was a more official mechanism, but I expect that's priority Z. There was some suggestion that SS might be about to swap recaptcha for something saner, so this might stop working anyway. ** I have only messed it up twice so far, through 'fumbling the catch'.
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Post by penny on Apr 16, 2017 21:22:05 GMT
I just spend an hour trying to find the fees for www.sippclub.com/evolution-sipp-ssas/ on their website. All I could find is an info from last year on www.4thway.co.uk/candid-opinion/p2p-pension-evolution-sipp/ saying that it's 1250 + VAT = 1500. Does someone know the current fees ? (Preferably a link to the sippclub website) Once setup can you buy/sell loans via Lendy's website just like usual lenders? I vaguely remember that last year you had to call sippclub and they then had to buy a loan for you - but I might be wrong. This would not be very practical considering that some loans often disappear on the secondary market very fast. I believe sippclub is still the only pension provider for Lendy? Thank you. |
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vmail
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Post by vmail on Apr 16, 2017 22:00:17 GMT
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